American Legendary Life

New York, Wall Street.

As a member of Wells Fargo, my daily life is full and busy.

Getting up to work in the morning from the subway and leaving after nightfall is the most common norm in work.

Don’t say that foreigners don’t work overtime, those are just Loser, with a meager salary every day, living his 9 to 5 days, busy and inactive, year after year.

True elites never work without overtime, for them work is part of life.

People only saw them on vacation, flying airplanes, taking yachts, and living in luxury homes, but never thought of what they paid for.

Just as the rich country has a new business recently, all employees’ vacations have been cancelled, but no one will complain.

Wall Street has had a crazy overtime culture since its prosperity, and the normal working hours of the day cannot be replaced by high-paying jobs and expensive income.

Newcomers who have just entered the business basically have to maintain a daily workload of more than 15 hours in order to prevent themselves from being eliminated by their colleagues who work harder or work harder.

Moreover, there are a large number of elites who lost their jobs in the Great Depression outside, waving their resumes to get a job on Wall Street again.

Do not work overtime? Getout.

"Madam, this is the FCA new bond issuance plan." The secretary put the new plan on Julie's desk.

"What is the current debt ratio of FCA?" Julie said without looking up.

Julie is very optimistic about Chrysler's plan to issue bonds again, seeking to expand production and occupy market share.

As one of the three major giants in the automotive industry in the United States, Chrysler never issued new stocks and bonds and never needed to worry about sales.

It is just different from the past, and now it is no longer the roaring 1920s. People blindly follow the financial market and will not reappear in the short term.

Chrysler's new debt issue this time requires the underwriting of the rich country, which increases the risk and pressure of the rich country.

Chrysler has normal concerns in this regard. Their recent financial statements are very ugly. For five consecutive quarters of losses, how to keep investors confident.

This is not the Internet age. Everyone is owing money and looking at the future.

In this era, five consecutive quarters of losses can make a large company abandoned by all investors.

This is also placed on Chrysler, if other companies, it may have gone bankrupt, and what kind of bond underwriting.

Responsible for underwriting, although it does not seem to have anything to do with the rich country, in fact, in the eyes of the people, the rich country has changed from an independent third party to a disguised representative of the issuer.

If the bonds recommended by them cause investment losses to creditors, the reputation of the rich countries will also suffer.

Underwriting also has its benefits, they can get 2 points in terms of cost.

The higher the total value of the bonds issued, the lower the expense ratio.

Large corporations, government bonds, and city bonds generally have large tenders, and those who have low prices will be handed over to underwriters.

The advantage of this is that there are more choices, and the actual benefits can be obtained. The cost is less, and the disadvantage is the extension of the cycle and instability.

"At present, the FCA's debt ratio is 57%, and the risk control department gives an assessment of B." The secretary said respectfully.

B. There are a small amount of risk factors, comprehensive good assets, except for market factors or customer subjective information fraud, the security is higher than 65%.

70%, in terms of financial markets, is only one grade worse than 100%.

"Let everyone move and complete the required materials and reports as soon as possible. This is the first game... we have to play beautiful points." Julie attaches great importance to this release.

Whether the rich countries can be recognized and gain a foothold in the investment field depends on whether they can complete the FCA bond underwriting business beautifully this time.

In Julie's opinion, the best result is that during the issuance period, it is best to sell all bonds and not let rich countries take any risks.

But if it fails, the rich countries can only buy the remaining unsold bonds at the end of the issuance period, and then find suitable opportunities to sell to new buyers or hold them.

At the same time, Julie also wants to make Chrysler satisfied. Manhattan Chase is right to hand over customers to them.

But whether it can be sustained and how long it can last depends on the ability of the rich country.

Don't think that as long as you do a good job!

In order to satisfy Master Jin’s father, the rich country sent six people, who were specifically responsible for accompanying shareholders Qian Jin and the sons to walk around, shop, and buy and buy.

Chrysler will issue US$200 million in bonds this time for a period of 2 years. The interest payment method is a one-time payment at maturity, and the repayment method is also a one-time settlement.

The handling fee for rich countries is 24 million, a very objective income.

But in fact, the benefits they get are far more than that. It is necessary to know that the issuance will take some time. Before the amount reaches the predetermined total amount, the paid funds will be frozen.

These funds are frozen in the "Manhattan Chase," the bond issuance cycle is generally 12-14 weeks, about three and a half months.

In other words, during this period, "Manhattan Chase" will have more than 200 million US dollars in total funds.

But even if it is tens of millions, it can create huge benefits for Chase in three months.

Of course, this money also has to pay for benefits.

Corporate bond issuance expenses are paid with interest generated by freezing funds during the issuance.

Under a series of measures such as Roosevelt’s ban on gold exports, the issuance of national debt to provide loans to enterprises, and currency devaluation to enhance export competitiveness, the economy is growing rapidly.

The Fed's interest rate fell back to 2% from the previous 3.6%.

Savings banks that are still dividing their business and seizing the market, the current annual interest rate set by Manhattan Chase is 2.8 percent.

If the issuance cost of financial bonds is less than the interest income generated by freezing funds during the issuance period, the difference is regarded as the premium income of the issuance of bonds.

If the interest generated from freezing funds during the issuance period is insufficient to cover the issuance expenses, if the difference is small, it is directly included in the current profit and loss.

That is to say, if there is much interest, even if it is the premium income of the issuance, if the company needs less money, it will be directly included in the company's payment.

4 million for 200 million, and whether the interest is enough is very cost-effective for enterprises.

In short, bonds are a very troublesome thing, and its complexity far exceeds the stock market, not to mention the so-called ‘combined bonds. ’

Combined financial products can be so complicated that even industry insiders can't understand it, ‘what the **** is this? ’

This is just an issuance. If you want to play the bond market well, you need not only a good brain, but also an excellent, large and professional team.

Otherwise, even if you are a fairy, you have to sell pants in the bond market.